US Fed: Trade war is holding back global growth
The trade war between the US and China has cut 0.8 percentage points off global growth, assesses the US Federal Reserve.
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The trade war between the US and China has cut 0.8 percentage points off global growth, assesses the US Federal Reserve.
Donald Trump says that China has requested to restart the two countries' trade talks. The statement came just hours after China's top negotiator called for calm after a weekend of back-and-forth tariffs that rocked global stocks.
Friday, the US president warned of an increase in existing tariffs and of the upcoming ones on Chinese goods in response China's new tariffs on US goods.
The trade war has not had the effect on Maersk that some observers feared. The tariffs mean nothing, but American consumer habits do, says CEO Søren Skou, who would like to meet with Donald Trump when he visits Denmark, where Maersk is headquartered.
Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
The US and China plan to meet again in September for trade talks, as the latest round of negotiations conclude with few signs of progress in the trade dispute between the two superpowers.
The two superpowers wrapped up a new round of trade talks without clear evidence of progress made toward ending the protracted trade dispute.
US President Donald Trump says there is still a long way to go before the US and China enter a final trade deal. A few weeks ago, however, it seemed negotiations were progressing.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.
US President Donald Trump's customs tariffs on Chinese goods have changed several trade patterns since January 2018, says Drewry in a new analysis.
US President Donald Trump again threatened to raise tariffs on China if President Xi Jinping does not meet with at the G-20 summit in Osaka, Japan, later this month.
US President Donald Trump is prepared to introduce tariffs on more Chinese goods. "I could go up another at least USD 300 billion, and I'll do that," Trump tells Bloomberg.
The US is no longer actively working to postpone the start date for the 2020 regulations, reports the Wall Street Journal. The US feared that the regulations would result in higher fuel prices.
The US plans to impose tariffs on all goods from Mexico from June. This is a way of punishing the country for the surge in immigration from Mexico to the US, explains president Donald Trump.
China yet to retaliate against the US after Trump decided to raise tariffs on Chinese goods last week.
US president Donald Trump has made good on his threats and has just increased tariffs on several Chinese goods to 25 percent. China intends to retaliate. Flexport is already feeling the effects, informs the company.
The US president says he will wait until he is sure China is complying with any trade deal before he rolls back tariffs.
The much-anticipated meeting between US President Donald Trump and China's President Xi Jinping to sign an agreement to end their trade dispute will likely be pushed back to April at the earliest, sources say.
The acting chairman of the US Federal Maritime Commission has now been given the job permanently by President Donald Trump.
Citing "substantial progress" in recent negotiations, Trump says he will extend a deadline to raise tariffs on Chinese goods beyond this week.
The US should support the sulfur regulations and implement them in a timely manner, says the powerful US oil lobby in a letter to the White House, thus increasing its pressure on President Donald Trump.
Increasing debt problems and a trade war with the US has created problems in China's economy.
Oil prices continued losses as uncertainty hovers over the extent of OPEC's production cuts before the cartel's meeting on Thursday. The US President continues to urge against curbing output.
Following Trump's recent claims that China had agreed to start buying certain US products "immediately", Chinese officials are preparing to restart imports of US soybeans and LNG.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
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